The last round of drilling produced DSO iron ore in four holes at Telecom Hill. PDY next door neighbour Sinosteel produced excellent results.
From the gravity survey, the company should produce a DSO iron ore target statement for Telecom Hill.
The next round of drilling will produce similar results from the last four holes drilled at Telecom Hill and also simialr to the results from Sinosteel.
The smart people are picking these up at these prices and are prepared to wait.
PDY Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held